Trump had bank account in China while president, taxes show

Trump paid very little in federal income taxes in the first and last years of his presidency, according to Donald Trump's federal tax returns released Friday.

Donald Trump's tax returns have long been shrouded in secrecy.

Trump's tax return report was released to the public by the House Ways and Means Committee on Friday.

Trump's return also suggests that auditors may question claims made by the former president.

The JCT argued that an auditor should examine loan agreements made by Trump with his children, including the interest rates.

The JCT said in its report that the question arose whether "the loans were genuine arm's length transactions, or whether the transfers were gifts in disguise.

Questions are also being raised about Trump's return listing equal amounts of company expenses and income.

Trump and his legal team have sought to keep his returns secret, arguing that Congress has never used its legislative powers to demand a president's tax returns.